My friend asked to borrow $1,000 from me the other day through text. I asked why he needed that much, and he explained that he needed it for an all inclusive vacation to Mexico. I told him that I have barely any money in my checking account and can’t just lend him $1,000.
He kept asking me, saying that he’ll pay me back within two weeks with $200 in interest. I told him to just dip into his savings account, and it makes more sense than paying me $200 extra. He told me that there’s a major sale going on right now and he needs to get it within the hour or it’ll cost an extra $500. I said no, again and reminded him that he has $100,000 in his savings account. I also reminded him that every time he borrows money from me, he takes months to pay back and those were for much smaller amounts ($50-400). He says “i don’t want to touch my savings, you know i am bad with money. If i do it this time, i’ll do it every time. Please.” I simply can’t afford to loan that much amount and not have it for months.
Despite saying no multiple times, he says “C’mon bro. I love you, I will pay back on time this time for sure. I’ll give you $300 extra. I need this.” I told him straight up that it’s not gonna happen, I have less than $3,000 in my checking account. He then reminded me that I have over $40,000 in my savings and it’s “easy” money for me and it’s fine for me to dip into my savings because I’m disciplined.
After that I just left him on read because I said no over TEN times. He messages me 5 hours later and calls me a “fake friend” for not responding. Mind you, I was at work and took time off my task to talk to him.
I’d also like to clarify that he does gamble a lot, he says he had won tens of thousands but I’ve seen zero proof. I’ve never seen that $100,000 he claims to have. Anyways, that’s not my business but wouldn’t someone with that much money not have to resort to basically begging for a loan?
“You know I’m bad with money”.
And he wants the chance to be worse with yours?
NTA. Past behavior’s the best predictor of future behavior. He’s going to continue to drag feet paying you back if you continue lending.
NTA
“No” is a complete sentence
NTA – that’s not a friend that’s a parasite.
NTA. You’d be a fool to loan him money. But also, cmon, grow a backbone and learn to not be affected by people’s manipulation. You shouldn’t have to even ask — obviously this is someone that you should never loan money to.
Definitely NTA
That’s a good chunk of money and if you don’t want to lend it, you have zero obligation to. ESPECIALLY when it’s only for him to go on a leisurely vacation.I couldn’t imagine asking my friends for that much money for a vacation if I supposedly had the money for it in savings.
If he’s a good friend, he would have heard no the first time and left it at that. Telling you you’re a “fake friend” because he didn’t get his way is insanely childish. I would absolutely be rethinking my relationship with a friend like this.
NTA
Even if he needed the money because he was behind on rent and his children were starving, you would not be the asshole for not being able to lend him the money he needed.
But he wants this money for a *vacation*. There’s no way he should be *asking* money from a friend for that, let alone *demanding*.
I’d be willing to bet, however, that he doesn’t have $100,000 in savings.
Why are you telling him exactly how much money you have in your checking and savings account, FFS? Just tell him, “No, I have no idea why you think I have that sort of money,” “If I give you any money, I can’t pay my rent this month,” etc.
NTA: Really wonder if he is actually going on vacation (which in and of itself is a bad reason to ask a friend for a loan) or if he needs to quickly cover some gambling losses, and that is why he is so desparate sounding.
If he gambles a lot, I’d be really surprised if he had a $100k savings. Unless its an inheritance in a trust or something.
You are basically being asked to cover someone’s gambling habit. Absolutely not the a-hole, but same verdict if you just didn’t want to cover a friend’s vacation. That is an over-reach of friendship.
Oh, and asking a friend to loan you money for vacation because “I can’t use my savings because I’m bad with money”, is just a different way of being really bad with money
Definitely NTA. Why would you be TA for this?
NTA. The audacity of someone with $100k to ask you for money is peak entitlement. He’s the fake friend here.
NTA but you’re not making the best decisions if you’re telling people how much you have in savings. Never disclose how much money you have.
NTA but you can’t seriously be asking this.
AI slop detected. 5 day old account with no other comments or posts. We really seem to be on the “lending money” theme lately. Irresponsible friend / family. The gullible friend / family member expected to bail them out. They somehow become the bad guy for finally refusing. Everyone says just do it to “keep the peace” or “family helps family.”
We need another sub and/or a bot that tracks topics and gives us stock market-esque updates.
“MIL posts are down 28% month on month while lending money continues to rise as a theme, having gone up 116% over the past 3 months! Still no end in sight for inheritance posts, which continue to gain in popularity and now represent as full 12% of all posts on both tracked subs!”
Man’s a gambling addict and a liar, most likely.
Needs $1000 within an hour but can’t transfer money from his $100,000 savings? Lol.
You just dodged a scam.
He’s broke, lost it all to gambling, and now tapping up people he knows for cash – This is very common.
DO NOT LEND THIS PERSON MONEY, EVER!